By NewsDesk8
The recent National Budget, released by His Majesty's Treasury, declared revisions to self-assessment forms for crypto assets. The United Kingdom is gradually building its own comprehensive crypto framework, introducing a separate section for crypto assets on His Majesty's Treasury tax return forms. The specified line should appear on tax forms in 2024-25. On 15th March, the United Kingdom Treasury publishes a report paper on the National Budget for spring this year. The document declaration revisions to self-assessment forms for crypto assets.
Grayscale will take a maximum of 180 days to determine if, when, and in what manner ETHPoW will be sold on behalf of the shareholders of the record date. Crypto investment firm Grayscale Investments is taking more time to decide whether to acquire and sell forked Ethereum tokens after it merged. On 16th March, Grayscale declared that it intends to extend the review period for the process of evaluating the market environment to determine whether the company can acquire ETHPoW tokens, the assets arising from the merger of Ethereum in September last year.
As the UAE (United Arab Emirates) continues to provide a welcoming regulatory framework for blockchain-based technologies, NFTs (nonfungible tokens) continue to thrive within the region and are being used by projects in a variety of ways. From concert tickets to research and philanthropy, Abu Dhabi and Dubai went to see how various crypto projects operating within the UAE are using NFTs.